SHEH vs. GLOW

Last updated Jul 30, 2026

SHEH (Shell plc ADRhedged ETF) and GLOW (VictoryShares WestEnd Global Equity ETF) are both exchange-traded funds - SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return, while GLOW is a Global Equities fund actively managed by VictoryShares. SHEH is passively managed, while GLOW is actively managed. Over the past year, SHEH returned 23.86% vs 19.30% for GLOW. Their -0.08 correlation means they have often moved in opposite directions in the past. SHEH charges 0.19%/yr vs 0.72%/yr for GLOW.

Performance

SHEH vs. GLOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and VictoryShares WestEnd Global Equity ETF (GLOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 22.29% return, which is significantly higher than GLOW's 9.64% return.

SHEH

• 1D: 1.98%
• 1M: 13.74%
• 6M: 21.43%
• YTD: 22.29%
• 1Y: 23.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.80%

GLOW

• 1D: -1.30%
• 1M: -1.92%
• 6M: 6.07%
• YTD: 9.64%
• 1Y: 19.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLOW VictoryShares WestEnd Global Equity ETF	$358.36K	$409.83K	$392.75K
SHEH Shell plc ADRhedged ETF	$470.58K	$486.89K	$265.20K

SHEH vs. GLOW - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	22.29%	12.63%
GLOW VictoryShares WestEnd Global Equity ETF	9.64%	25.93%

Correlation

The correlation between SHEH and GLOW is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.08

SHEH vs. GLOW - Sectors Allocation Comparison

Sectors	SHEH	GLOW
Energy	96.5%	1.5%
Basic Materials	-	4.8%
Communication Services	-	7.9%
Consumer Cyclical	-	6.7%
Consumer Defensive	-	2.1%
Financial Services	-	20.1%
Healthcare	-	15.3%
Industrials	-	8.9%
Real Estate	-	1.0%
Technology	-	27.3%
Utilities	-	4.4%

Return for Risk

SHEH vs. GLOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHEH

SHEH Risk / Return Rank: 45
SHEH Sharpe Ratio Rank: 49
SHEH Sortino Ratio Rank: 48
SHEH Omega Ratio Rank: 47
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

GLOW

GLOW Risk / Return Rank: 67
GLOW Sharpe Ratio Rank: 68
GLOW Sortino Ratio Rank: 67
GLOW Omega Ratio Rank: 65
GLOW Calmar Ratio Rank: 62
GLOW Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SHEH vs. GLOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and VictoryShares WestEnd Global Equity ETF (GLOW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SHEH	GLOW	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.49	-0.35
Sortino ratio: Return per unit of downside risk	1.64	2.13	-0.49
Omega ratio: Gain probability vs. loss probability	1.20	1.27	-0.06
Calmar ratio: Return relative to maximum drawdown	1.37	2.08	-0.71
Martin ratio: Return relative to average drawdown	3.73	8.69	-4.95

SHEH vs. GLOW - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 1.15, which is comparable to the GLOW Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of SHEH and GLOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHEH vs. GLOW - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, which is greater than GLOW's maximum drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for SHEH and GLOW.

Drawdown Indicators

	SHEH	GLOW	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-15.58%	-1.95%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-9.33%	-8.20%
Current Drawdown Current decline from peak	-5.72%	-3.07%	-2.65%
Average Drawdown Average peak-to-trough decline	-4.14%	-1.77%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	2.23%	+4.18%

Volatility

SHEH vs. GLOW - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 6.94% compared to VictoryShares WestEnd Global Equity ETF (GLOW) at 3.05%. This indicates that SHEH's price experiences larger fluctuations and is considered to be riskier than GLOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	GLOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	3.05%	+3.89%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	10.66%	+6.67%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	12.97%	+7.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	15.11%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	15.11%	+5.43%

SHEH vs. GLOW - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than GLOW's 0.72% expense ratio.

Dividends

SHEH vs. GLOW - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 1.90%, more than GLOW's 1.25% yield.

Position	TTM	2025	2024
GLOW VictoryShares WestEnd Global Equity ETF	1.25%	1.33%	1.18%
SHEH Shell plc ADRhedged ETF	1.90%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHEH and GLOW in my portfolio?

SHEH and GLOW have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or GLOW?

SHEH has higher volatility (6.94%) compared to GLOW (3.05%). In terms of maximum drawdown, SHEH dropped -17.53% vs GLOW's -15.58%.

Which ETF is better, SHEH or GLOW?

On 1-year performance, SHEH leads with 23.86% vs 19.30% for GLOW. On fees, SHEH is cheaper at 0.19% per year. On volatility, GLOW has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or GLOW?

Over the 1-year period, SHEH has performed better with a 23.86% return vs 19.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or GLOW?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.72% for GLOW.

Which ETF pays a higher dividend yield, SHEH or GLOW?

SHEH has the higher dividend yield at 1.90%, compared with 1.25% for GLOW.

What is the main difference between SHEH and GLOW?

SHEH is categorized as Energy Equities, while GLOW is Global Equities. They also come from different issuers: ADRhedged and VictoryShares. Their fees differ too: 0.19% for SHEH and 0.72% for GLOW.

Which has better risk-adjusted returns?

GLOW currently has the higher Sharpe Ratio (1.49 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.